Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)
Flutter Entertainment (FLUT) recorded Gross Margin of 39.60% in Q2 2026, down 7.19 percentage points from 46.79% a year earlier and down 3.08 percentage points from the prior quarter.
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Analysis
Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends
On a TTM basis, Flutter Entertainment's Gross Margin came in at 42.46% as of Jun 30, 2026, down 4.48 percentage points year-over-year; for FY2025, it was 45.19%, down 2.51 percentage points from FY2024.
- Annual Gross Margin has a three-year change of -3.95 percentage points (FY2022 to FY2025).
- Across earlier years, Gross Margin came in at 47.71% in FY2024 (+0.31 pp), 47.40% in FY2023 (-1.74 pp) and 49.14% in FY2022.
- The Q2 2026 figure is the lowest quarterly Gross Margin in data going back to Q1 2023.
- On a year-over-year basis, Gross Margin has declined for six consecutive quarters, with an average year-over-year change of -2.34 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.00 percentage points in Q4 2024, against a drop of 7.19 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 42.68% (Q1 2026), 44.54% (Q4 2025) and 42.86% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.14 Bn | 11.55 Bn | 1.48 Bn | 46.92% |
| 2 | DraftKings | 18.81 Bn | 14.47 Bn | 551.45 Mn | 38.21% |
| 3 | Flutter Entertainment | 13.30 Bn | 7.05 Bn | 1.71 Bn | 39.60% |
| 4 | Madison Square Garden Sports | 10.02 Bn | 9.62 Bn | 119.21 Mn | 42.77% |
| 5 | Life Time Group Holdings | 8.83 Bn | 8.07 Bn | 412.26 Mn | 47.61% |
| 6 | Wynn Resorts | 8.33 Bn | 1.88 Bn | 758.95 Mn | 40.87% |
| 7 | MGM Resorts International | 8.01 Bn | -169.85 Mn | 1.98 Bn | 44.47% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.65 Bn | 1.50 Bn | 50.08% |
| 9 | Super Group (SGHC) | 5.93 Bn | 3.92 Bn | - | - |
| 10 | Red Rock Resorts | 5.30 Bn | 4.88 Bn | 315.50 Mn | 61.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 39.60% |
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |
API Access
Flutter Entertainment Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=FLUT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "FLUT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=FLUT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();